Soybean export sales fell to a marketing year low during the week ending April 30^th. The USDA says old crop soybean sales were below average and while China was the leading buyer, it was a routine amount, as Beijing continues to favor beans from Brazil due to price. The U.S. and China are expected to meet next week to talk trade, which could boost demand for U.S. soybeans. Rice also hit a marketing year low after a handful of cancelations. Soybean meal had a week-to-week improvement, while all other major commodities were under week ago levels. The USDA’s next supply and demand update is out Tuesday, the 12^th at Noon Eastern/11 Central.

Physical shipments of corn and soybeans were more than what’s needed to meet USDA projections for the current marketing year. The 2025/26 marketing year began June 1^st for wheat, August 1^st for cotton and rice, September 1^st for beans, corn, and wheat, and October 1^st for soybean products. The marketing year for beef and pork is the calendar year.

Wheat came out at 78,800 tons (2.9 million bushels), down 65% from the week ending April 23^rd and 45% from the four-week average. Vietnam purchased 67,400 tons and Thailand bought 53,700 tons, but there were a few cancelations, led by unknown destinations at 128,800 tons. In the final month of the 2025/26 marketing year, wheat exports are 909.8 million bushels, compared to 786.7 million in 2024/25. Sales of 187,500 tons (6.9 million bushels) for 2026/27 delivery were mainly to unknown destinations (100,000 tons) and Thailand (61,000 tons).

Corn was reported at 1,361,700 tons (53.6 million bushels), a decline of 15% from the previous week and 4% from the four-week average. Taiwan picked up 301,600 tons and Colombia purchased 296,200 tons, but unknown destinations canceled on 326,300 tons. At this stage of the marketing year, corn exports are 3.034 billion bushels, compared to 2.378 billion this time last year. Sales of 122,800 tons (4.8 million bushels) for 2026/27 delivery were primarily to unknown destinations (70,000 tons) and Mexico (49,600 tons).

There were no old or new crop sorghum sales. Sorghum exports are 183.8 million bushels, compared to 55.5 million a year ago.

Rice sales of 4,600 tons dropped 88% from the week before and 89% from the four-week average. Guatemala bought 5,600 tons and Honduras picked up 5,100 tons, with a handful of cancelations ranging from 300 to 6,000 tons. Rice exports are 2,343,600 tons, compared to 2,737,700 last year. Sales of 100 tons for 2026/27 delivery were to Japan.

Soybeans were pegged at 141,900 tons (5.2 million bushels), a decrease of 45% from the prior week and 51% from the four-week average. China purchased 66,900 tons and Japan bought 48,600 tons, while unknown destinations canceled on 96,000 tons. So far, this marketing year, soybean exports are 1.43 billion bushels, compared to 1.749 billion a year ago. Sales of 5,500 tons (200,000 bushels) for 2026/27 delivery were to Indonesia.

Soybean meal came out at 312,100 tons, up 6% on the week and 16% from the four-week average. The Philippines picked up 101,100 tons and Colombia purchased 54,300 tons. For the marketing year to date, soybean meal exports are 14,666,000 tons, compared to 12,463,100 last year. Sales of 23,700 tons for 2026/27 delivery were primarily to Ecuador (15,000 tons) and Canada (6,100 tons).

Soybean oil was reported at 1,000 tons, falling 72% from the previous week and 15% from the four-week average. Mexico bought 500 tons and Canada picked up 300 tons. Cumulative soybean oil exports are 368,600 tons, compared to 990,600 a year ago.

Upland cotton was pegged at 123,300 bales, 24% less than the week before and 35% below the four-week average. Pakistan purchased 38,800 bales and India bought 27,200 bales. 2025/26 upland cotton exports are 19.7 million bales, compared to 20 million in 2024/25. Sales of 48,400 bales for 2026/27 delivery were to Guatemala (35,200 bales) and Indonesia (19,000 bales) with a net cancelation by Vietnam (5,800 bales).

Net beef sales totaled 10,000 tons, down 27% from the prior week and 32% from the four-week average. The listed buyers were Japan (3,000 tons), Taiwan (2,500 tons), Mexico (1,700 tons), South Korea (800 tons), and Canada (700 tons), with net cancelations by Hong Kong (800 tons), the Philippines (100 tons), and Vietnam (100 tons). Physical shipments of 14,200 tons were an increase of 15% on the week and 9% from the four-week average, mostly to South Korea (4,400 tons), Japan (3,600 tons), Hong Kong (1,400 tons), Mexico (1,400 tons), and Taiwan (1,200 tons).

Net pork sales totaled 30,800 tons, 33% under the previous week and 6% lower than the four-week average. The reported purchasers were Mexico (14,800 tons), Japan (6,100 tons), the Dominican Republic (2,500 tons), Colombia (1,600 tons), and China (1,100 tons). Physical shipments of 40,400 tons were 15% higher than the week before and 12% more than the four-week average, mainly to Mexico (17,700 tons), Japan (5,900 tons), China (4,200 tons), South Korea (3,000 tons), and Colombia (2,600 tons).

Published Date: May 7, 2026